- The majority of Alts continue to gain momentum and LUNA is looking the strongest of them all, it continues to make higher highs and higher lows on the daily and weekly time frame.
After hitting an all-time high of ~$8.43, it has retraced back to 0.618 Fibonacci retracement level which lies at $5.51.
The immediate support is placed at $6.15 followed by $5.4.
The immediate resistance is placed at $7.3. If LUNA breaches this level with solid momentum, it is most likely to continue its upswing till the first target of $8.4, followed by $10.5.
Trade closed: target reached:
TP-2 achieved